By Christopher Romano — Sep 03 - 01:25 PM
NY opened near 1.1035 and rallied in early trading, 1.1070 hit on EBS
Tighter DE-US spreads US2DE2=RR, softer US$ helped EUR/USD rally
Risk soured however with help from US ISM mfg PMI, construction reports
EUR/JPY fell to 160.53 (EBS), US yields US2YT=RR softened
Stock ESv1, commodity LCOc1XAU= drops reinforced risk-off
EUR/USD erased the early rally, hit 1.10335, was down -0.33% late
Techs lean bearish; RSIs falling, pair traded below the 5- & 21-DMAs
China August Caixin services PMI is a data risk in Asia
US July JOLTs, July trade balance, Fed's Beige Book are risks Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary